PGN selected Oracle Enterprise GRC Manager and Enterprise GRC Intelligence to meet regulatory compliance, risk management and control requirements after conducting a multi-stage assessment of Oracle Fusion GRC in October 2011. The implementation was completed in June 2012.

PGN believes Oracle Fusion GRC help provide a clear picture of the PGN risk profile and identify risks of a critical nature and enabling an immediate and coordinated response. Furthermore, major casualties and other operational risks can be better predicted and mitigated using automated processes within Oracle Fusion GRC.

Supporting Quotes

“In so many organizations, gathering the necessary information and obtaining clear visibility of a risk profile can be a cumbersome and costly undertaking,” said Mr. M. Wahid Sutopo, Director of Investment Planning and Risk Management, PT. Perusahaan Gas Negara (Persero) Tbk. “By implementing Oracle Fusion GRC, we can manage risk better because we have a single source of information across the enterprise and can automate risk and compliance processes in a real-time manner.”

“The greatest GRC challenge is creating a consolidated view of compliance, risk and internal controls,” said Davian Omas, Country Manager Applications, Oracle Indonesia. “Oracle Fusion Governance, Risk and Compliance helps to address this challenge by preventing information silos and redundant tasks and providing the use of a single, consolidated repository for all GRC programs. This unified approach helps PGN establish the processes they will use for GRC initiatives, and also improve the predictability of their business results.”